5 Things You Need To Know, Today, on Thursday 14th May 2020

Episode 1883,   May 14, 2020, 04:43 AM

The chancellor has said it is "very likely" the UK is in a "significant recession", as figures show the economy contracting at the fastest pace since the financial crisis.

The economy shrank by 2% in the first three months of 2020, as coronavirus forced the country into lockdown.

The chancellor has said it is "very likely" the UK is in a "significant recession", as figures show the economy contracting at the fastest pace since the financial crisis.

The economy shrank by 2% in the first three months of 2020, as coronavirus forced the country into lockdown.

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